$Grab Holdings(GRAB)$ Grab's share price has been on a tear as it is up 9.4% on Tuesday trading and 13% in the past 5 days. Grab has now skyrocketed 65% year todate.
What an amazing recovery for Grab! On November 12 Grab reported an excellent Q3 24 earnings that showed it turning back to being profitable. It also raised its forecast for the full year 2024 revenue on expectations of strong growth.
Revenue grew 17% year over year. Profit for the quarter was positive at USD 15 million. Adjusted EBITDA improved by USD 62 million to an all time high of USD 90 million.
That is fantastic news for shareholders. It is a great feeling to know that Grab has made progress compared to previous year quarter. I have only invested in Grab 4 months ago as I believe that it is undervalued and oversold. I am so happy that Grab is on the right track towards profitability.
I am constantly on the lookout for companies that are undervalued and have lots of exponential growth ahead. Grab has a wide moat in the South East Asian region in providing mobility services, food delivery and financial services as well.
Grab, founded in Singapore, growing strong!
@Daily_Discussion @Tiger_SG @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger
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I want to know how the returns are for this stock currently?
Great article 😘